Monday July 17, 2006 - 10:21:13 GMT
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Black Swan Capital - www.blackswantrading.com
$ supported on money flow...
â€œMy approach works not by making valid predictions but by allowing me to correct false ones."
FX Trading â€“ $ supported on money flow
Racing into the dollar this morning as a hiding placeâ€¦key resistance at 8703â€¦
The dollar, bonds, and stocks (inverted in the chart below, which means they are falling as the red line in the chart rises) are moving togetherâ€”supporting the safe haven, or risk reduction, trade view:
Does the dollar continue to play this role? Likely, given the vast amount of money held by US money managers overseas. How long does it last? Anyoneâ€™s guess!
Jack Crooks, Black Swan Capital Black Swan Subscription-based Service
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